Barclays PLC Buys 124,005 Shares of SelectQuote, Inc. (NYSE:SLQT)

Barclays PLC increased its position in SelectQuote, Inc. (NYSE:SLQT) by 166.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,357 shares of the company’s stock after purchasing an additional 124,005 shares during the quarter. Barclays PLC owned approximately 0.12% of SelectQuote worth $430,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SLQT. State Street Corp lifted its holdings in shares of SelectQuote by 0.7% in the 3rd quarter. State Street Corp now owns 2,894,067 shares of the company’s stock worth $6,280,000 after buying an additional 21,413 shares during the period. IHT Wealth Management LLC raised its holdings in shares of SelectQuote by 35.2% in the third quarter. IHT Wealth Management LLC now owns 94,605 shares of the company’s stock valued at $205,000 after acquiring an additional 24,605 shares in the last quarter. Quantbot Technologies LP bought a new position in SelectQuote during the 3rd quarter worth about $153,000. Dynamic Technology Lab Private Ltd purchased a new position in SelectQuote during the 3rd quarter valued at about $311,000. Finally, Mason Investment Advisory Services Inc. raised its holdings in shares of SelectQuote by 33.3% in the 3rd quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

SelectQuote Stock Up 7.0 %

Shares of SelectQuote stock opened at $4.14 on Friday. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 2.36. The company has a market cap of $710.03 million, a P/E ratio of -14.79 and a beta of 1.22. The firm’s 50 day moving average price is $2.80 and its 200-day moving average price is $2.93. SelectQuote, Inc. has a 52-week low of $1.03 and a 52-week high of $4.46.

SelectQuote (NYSE:SLQT) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The business had revenue of $292.26 million for the quarter, compared to analyst estimates of $275.15 million. SelectQuote had a negative return on equity of 15.00% and a negative net margin of 3.45%. During the same period in the previous year, the company posted ($0.19) earnings per share. On average, sell-side analysts predict that SelectQuote, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SLQT shares. Royal Bank of Canada reissued a “sector perform” rating and set a $4.00 price objective on shares of SelectQuote in a report on Friday, November 22nd. Craig Hallum began coverage on SelectQuote in a report on Monday, September 30th. They issued a “buy” rating and a $4.50 price target on the stock.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.